Truist raised the firm’s price target on Q2 Holdings (QTWO) to $100 from $78 and keeps a Buy rating on the shares. The company reported a “solid” Q3 earnings beat and guidance raise while noting a broad-based demand and bookings success across customer sizes and product mix, including signing 6 Enterprise and Tier 1 deals, first Fabric win, and strong Tier 2 bookings activity, the analyst tells investors in a research note.
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